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COMPANY REGISTRATION NUMBER: 10735324
Indigo Land Limited
Unaudited Financial Statements
30 September 2023
Indigo Land Limited
Financial Statements
Year ended 30 September 2023
Contents
Page
Directors' report
1
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
Indigo Land Limited
Directors' Report
Year ended 30 September 2023
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2023 .
Directors
The directors who served the company during the year were as follows:
Mr S A Ferris
Mrs J D Ferris
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 20 January 2024 and signed on behalf of the board by:
Mr S A Ferris
Mrs J D Ferris
Director
Director
Indigo Land Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Indigo Land Limited
Year ended 30 September 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 September 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED Chartered Accountants
Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL51 6TQ
10 January 2024
Indigo Land Limited
Statement of Income and Retained Earnings
Year ended 30 September 2023
2023
2022
Note
£
£
Administrative expenses
38,704
30,862
--------
--------
Operating loss
( 38,704)
( 30,862)
Income from shares in group undertakings
35,519
31,379
Income from other fixed asset investments
( 3,030)
35,343
Interest receivable
190,659
( 364,025)
---------
---------
Profit/(loss) before taxation
4
184,444
( 328,165)
Taxation on ordinary activities
---------
---------
Profit/(loss) for the financial year and total comprehensive income
184,444
( 328,165)
---------
---------
Retained earnings at the start of the year
5,891,394
6,219,559
------------
------------
Retained earnings at the end of the year
6,075,838
5,891,394
------------
------------
All the activities of the company are from continuing operations.
Indigo Land Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
3,978,552
3,795,220
Current assets
Debtors
6
2,169,735
2,088,086
Cash at bank and in hand
433,450
513,987
------------
------------
2,603,185
2,602,073
Creditors: amounts falling due within one year
7
328,241
178,241
------------
------------
Net current assets
2,274,944
2,423,832
------------
------------
Total assets less current liabilities
6,253,496
6,219,052
Creditors: amounts falling due after more than one year
8
177,656
327,656
------------
------------
Net assets
6,075,840
5,891,396
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
6,075,838
5,891,394
------------
------------
Shareholders funds
6,075,840
5,891,396
------------
------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 January 2024 , and are signed on behalf of the board by:
Mr S A Ferris
Mrs J D Ferris
Director
Director
Company registration number: 10735324
Indigo Land Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camberleigh - Hay LLP, 37 St. Georges Road, Cheltenham, Gloucestershire, GL50 3DU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Profit before taxation
Profit before taxation is stated after charging/crediting:
2023
2022
£
£
Fair value adjustments to financial assets measured at fair value through profit or loss
(159,110)
386,625
---------
---------
5. Investments
Other investments other than loans
£
Cost
At 1 October 2022
3,795,220
Additions
920,655
Disposals
( 896,959)
Revaluations
159,636
------------
At 30 September 2023
3,978,552
------------
Impairment
At 1 October 2022 and 30 September 2023
------------
Carrying amount
At 30 September 2023
3,978,552
------------
At 30 September 2022
3,795,220
------------
6. Debtors
2023
2022
£
£
Trade debtors
2,274
Other debtors
2,167,461
2,088,086
------------
------------
2,169,735
2,088,086
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
328,241
178,241
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
177,656
327,656
---------
---------